Last week, the World Bank Group presented the latest data on financial inclusion in ASEAN to senior representatives of the ministries of finance and central banks of all 10 ASEAN member countries (Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, Philippines, Singapore, Thailand, and … GDP and GDP per capita data are according to TradingNomics's Quarter 3-2020 data. The private sector, through ASEAN-CCI, can propose an acceleration to the Senior Economic Officials Meeting (SEOM) via the AFTA Unit or the National AFTA Units. However, the tariff reduction commitment under the special arrangement will have to be deeper than the Uruguay Round commitments of Member Countries. So governments try to push for a wider financial inclusion to reduce poverty and inequalities. However, unprocessed agricultural products in the Sensitive List will face different treatment compared to the products in the first two lists. Leading the list are the following 10 companies: Human Resources Online is on Telegram! The full list of APAC companies represented in the list is given below: ASEAN Integration Report 2015 i Contents Abbreviations and Acronyms v List of Figures, Tables and Boxes xi Foreword xv Executive Summary xvii Chapter 1 - ASEAN’s Macroeconomic Landscape in 2014 1 Chapter 2 - ASEAN Economic Community 7 Pillar 1: A Single Market and Production Base 7 A. We use cookies and other tracking technologies to improve your browsing experiences on our website, to show you personalised content and targeted ads, to analyze our website traffic and to understand where our visitors are coming from. Netflix's First Inclusion Report Offers In-Depth Look At Workforce Diversity, Addresses Areas That Need Improvement ... Middle Eastern, Asian, … A special arrangement will be created for these products with the understanding that the features of the special arrangement need not be the same as the arrangement in the CEPT Scheme. Underlying the move towards unity and integration is its new motto: “one vision, one identity, one community.” The Charter improves ASEAN’s system of decision-making and enforcement. • For households in ASEAN, cash still constitutes the main means for executing financial transactions (payment of wages, government transfers, payment of bills, receiving and sending remittances). In implementing this decision, Member Countries have decided to group unprocessed agricultural products into three lists: (a) Immediate Inclusion List; (b) Temporary Exclusion List and (c) Sensitive List. The baht rose 0.6% to 29.82 per U.S. dollar, breaching the psychological 30 level and at the strongest since May 2013. The full list of APAC companies represented in the list is given below: Alfred Lee, Managing Director, Asia Pacific at Refinitiv said: "We have seen encouraging progress among APAC firms in their efforts to increase workplace diversity and inclusiveness, with our data showing a 53% increase in the region’s board gender diversity over the last five years and a 78% increase in the number of APAC companies with an official flexible working policy during the same period. In Article 1 of the Agreement, unprocessed agricultural products are defined as: The 26th AEM held in Chiang Mai September 1994 decided to include all unprocessed agricultural products into the CEPT Scheme. These additional instructions from the AFTA Council will guide the next meeting of the working group which is scheduled before August 1995. They have become vital copy to attract the best talent. Immediate lifting of this protection is bound to create significant adjustment costs which can lead to unemployment of resources and social disruption. In the less financially developed ASEAN countries, enhancing financial inclusion is thus one of the levers available to promote a more sustainable growth that benefits to … By browsing our website, you consent to our use of cookies and other tracking technologies. This book provides a survey of progress on financial inclusion in five major Asian developing economies: the People’s Republic of China (PRC), India, Indonesia, the Philippines, and Thailand. These products, however, will be transferred into the Inclusion List by 2003. That makes it … Unprocessed agricultural products in the Immediate Inclusion List are to be transferred to either the normal or fast-tracks by 1 January 1996. Free Flow of Goods 7 Elimination of Tariff Barriers 7 Rules of Origin 11 Trade Facilitation 13 The D&I Index is evaluated using 24 metrics across four pillars: Diversity, Inclusion, People Development and Controversies. List. • A large number of adults with accounts at financial institutions still prefer One immediate tweak to the regional ambition is … This working group has met twice already. At the time, Netflix’s U.S. workforce included only 6% Hispanic/Latinx and and 3.8% Black employees. The ASEAN Charter The ASEAN Charter defines it as a legal entity and inter-governmental organization that has authority over its members. It promotes the economic growth of 10 countries located south of China. Lists. Table 2UNPROCESSED AGRICULTURAL PRODUCTS, BY CATEGORY. Tariffs on the remaining 40% of the Inclusion List shall be eliminated not later than 1 January 2010. once in Jakarta in December 1994, and again in April 1995 in Kuala Lumpur. In their Meeting in Phuket in April 1995, the Sixth AFTA Council looked at these Lists and decided that the present Lists should be improved by minimizing the number of products in the Sensitive List and expanding the Inclusion List as much as possible. ASEAN is the Association of South East Asian Nations. The top 100 ranked companies with the best overall D&I scores are selected for the Index. A summary of the lists is provided in Table 2. "Six ASEAN companies from Malaysia, Singapore and Thailand earned a place in this year’s D&I Index Top 100, with Thailand’s Home Product Center PCL leading the Southeast Asia region," noted Vernice Moh, Managing Director, ASEAN at Refinitiv. This is a list of ASEAN countries by GDP. Only companies with scores across all four pillars are assigned an overall score (the average of the pillar scores). More than 99 percent of the products in the CEPT Inclusion List (IL) of ASEAN-6, comprising Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore and Thailand, have been brought down to the 0-5 percent tariff range. "With investors and businesses paying more attention to D&I practices and disclosures in the region, we are confident that more APAC organisations will be taking the lead in embedding diversity and inclusion into their business strategy going forward.". United States leads the Top 100 list with 20 firms followed by the United Kingdom with 13, Australia with nine and Canada and France with seven. The first six members are commonly referred to as the ASEAN-6 while the latter four entrants are commonly known as the CLMV countries. A working group under the purview of both the Senior Economic Officials Meeting (SEOM) and the Senior Officials of the ASEAN Ministers on Agriculture and Forestry (SOM AMAF) has been created to work out the features of the special arrangement. The Inclusion List refers to those products, which are scheduled for tariff reduction, removal of quantitative restrictions and non-tariff barriers. What inclusion unlocks. Disclaimer: Warwick ASEAN Conference would like to clarify that all opinions expressed in this article are the authors’ and editors’ own. Brunei Darussalam, Indonesia, Malaysia, the Philippines, Singapore and Thailand shall eliminate import duties on at least 60% of the products in the Inclusion List by 1 January 2003. The Member States of the Association are Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, By 1 January 2000, the total number of tariff lines in the CEPT Inclusion List will reach 53,254 tariff lines, which represents about 82.78% of all tariff lines in the ten ASEAN countries. The ASEAN Guiding Principles for Inclusion into or Exclusion from the Negative List of Substances for Health Supplements lists the active substances that are prohibited from being used in or being part of the composition of Health Supplements. The members of ASEAN Plus Three and the East Asia Summit are also listed. Note: If you like this … The fact that the special arrangement will have features different from the CEPT is a concession to the special nature of the agricultural sector. Overview about ASEAN Regional Economic Integration: “Inclusion for Workers and the Unions” By Maragtas S.V. Products in the Temporary Exclusion List can be kept out of the normal or fast-track of the CEPT Scheme only for a limited time. Follow us @humanresourcesonline or click here for all the latest weekly HR and manpower news from around the region. After all, the best talent values inclusivity. The Department of Health (DOH) will recommend the inclusion of United Arab Emirates (UAE) to the list of countries with travel restrictions after the new variant of coronavirus was detected on a Filipino who arrived from there. Book Title : "ACPMS 2017 - Inclusive Development" Click on the Cover Book Image to download this eBook. Unprocessed agricultural products in the Immediate Inclusion List are to be transferred to either the normal or fast-tracks by 1 January 1996. Those classified in the Immediate Inclusion List account for 31.6% of intra-ASEAN imports; the products in the TEL account for 32.9%; and the products in the Sensitive List account for 35.5%. Q10. inclusion efforts as well as those interested in enhancing their current diversity and inclusion strategies. financial inclusion. In the majority of Asian countries the average representation of women at the junior management level is around 50 percent. The product has to be included in the Inclusion List of the exporting and the importing countries and must have a tariff of 20% and below; It has to have a program of tariff reduction approved by the AFTA Council; It has to be an ASEAN product, i.e., it has to satisfy the local content requirement of 40%. A list of member states is provided below. A total of 21 APAC-based companies, and six ASEAN-based companies, have featured in Refinitiv's 2020 top 100 most diverse and inclusive organisations globally as ranked by its Diversity & Inclusion (D&I) Index. The 1992 CEPT Agreement excluded unprocessed agricultural products from the CEPT Scheme. A significant proportion of those products originally excluded from the CEPT have been submitted for immediate inclusion. ASEAN COMMUNITY PROGRESS MONITORING SYSTEM 2017 INCLUSIVE DEVELOPMENT The Association of Southeast Asian Nations (ASEAN) was established on 8 August 1967. Click here for more information. Article 4 (C)(2) 2. While financial inclusion stands at about 50%, the percentage of adults with a mobile phone in the ASEAN population is close to 90%. ASEAN is slowly erecting a paradigm of equitable growth based on social and economic inclusion.   In 2017, its gross domestic product was $2.77 trillion, an increase of almost four and a half times the GDP value in 2000. 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